UK manufacturers look East as production hopes rise June 16, 2025 UK manufacturers are ditching President Trump’s United States and looking to find trading partners in Asia and the Middle East, according to a leading industry body. The US has fallen out of the top three preferred regions as a growth market for UK manufacturers, the first time since surveys started eleven years ago, Make UK [...]
FTSE 100 shrugs off Israel-Iran strikes June 16, 2025 The FTSE 100 was unmoved by simmering tensions in Israel and Iran, despite reports that the UK was scrambling to send fighter jets, and conflict in the Middle East was on the brink of a significant escalation with US involvement. The UK’s leading index was up 0.2 per cent after the first hour of trading, [...]
Reeves to lay out 10-year infrastructure plan worth £725bn June 15, 2025 Chancellor Reeves is set to deliver a 10-year infrastructure strategy plan which will lay out efforts to boost growth and upgrade services across the UK. The new blueprint for UK infrastructure will come around a week after Reeves delivered the Spending Review, which marked out £190bn in extra government spending commitments for the years between [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
UK firms dodge Labour tax raid with WFH roles abroad June 13, 2025 UK companies are turning to work-from-home (WFH) South Africans and other workers in East Asia in a cost-cutting drive to dodge Rachel Reeves’ £20bn tax raid on employers and stringent workers’ rights. Prime Minister Sir Keir Starmer has spoken about his determination to “put working people’s priorities first” while welfare cuts have been made to [...]
Spending Review: IFS chief suggests Treasury ‘making up numbers’ over DOGE-style Whitehall cuts June 12, 2025 The Ministry of Defence and Department for Health and Social Care are slated to see billions cut in Whitehall budgets in what a DOGE-style body within the Treasury described as “efficiency gains” – despite both departments set to see a real terms increase in spending between 2026 and 2029. A new government document has revealed [...]
Week in Business: Is Rachel Reeves About to Drop a Tax Bombshell on the UK Economy? June 12, 2025 Despite talk of growth and renewal, the economic warning lights are flashing, and experts now predict another £20bn tax raid.
UK trade with US falls apart after Trump tariff blitz June 12, 2025 Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy [...]
Our economy remains in a perilous state June 12, 2025 With the long-awaited Spending Review, the UK Chancellor finally gets to reveal the goodies rather than simply be the baddie. But there will be one question lurking behind every line item, behind every pound pledged and every Treasury footnote: how are you going to pay for it?
UK economy shrinks more than expected in blow to Reeves June 12, 2025 The UK economy shrank more than expected in April, official data has shown, suggesting momentum built up in the beginning of this year has already worn away. New figures published by the Office for National Statistics (ONS) showing a 0.3 per cent contraction come off the back of a strong 0.7 per cent growth in [...]